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The latest update is out from Aegis Vopak Terminals Limited ( (IN:AEGISVOPAK) ).
Aegis Vopak Terminals Limited has announced the issuance of Non-Convertible Debentures (NCDs) amounting to Rs. 1030 crore through a private placement. This strategic move is aimed at raising funds to enhance the company’s financial position and operational capabilities. The NCDs, which will be listed on the National Stock Exchange, have a tenure of three years and offer an interest rate of 7.20% per annum. The issuance is secured by a first-ranking charge over the company’s tangible movable fixed assets and cash flows, indicating a robust financial strategy to support its growth and stability in the market.
More about Aegis Vopak Terminals Limited
Aegis Vopak Terminals Limited operates in the logistics and storage industry, focusing on the management and operation of liquid storage terminals. The company primarily deals with the storage of petroleum, chemicals, and other liquid products, serving a critical role in the supply chain for these industries.
Average Trading Volume: 32,703
Technical Sentiment Signal: Strong Buy
Current Market Cap: 303.8B INR
For a thorough assessment of AEGISVOPAK stock, go to TipRanks’ Stock Analysis page.